| BEA Revisions on Purchases | ||||
|---|---|---|---|---|
| name | current | previous | diff | diff_pct |
| 2020 Q1 | ||||
| Federal Purchases Nipa | $1,454.70 | $1,454.70 | $0.00 | 0.00% |
| State Purchases Nipa | $2,376.90 | $2,376.90 | $0.00 | 0.00% |
| Consumption Grants | $212.48 | $212.48 | $0.00 | 0.00% |
| Investment Grants | $72.77 | $72.77 | $0.00 | 0.00% |
| 2020 Q2 | ||||
| Federal Purchases Nipa | $1,525.00 | $1,525.00 | $0.00 | 0.00% |
| State Purchases Nipa | $2,334.60 | $2,334.60 | $0.00 | 0.00% |
| Consumption Grants | $897.51 | $897.51 | $0.00 | 0.00% |
| Investment Grants | $75.28 | $75.28 | $0.00 | 0.00% |
| 2020 Q3 | ||||
| Federal Purchases Nipa | $1,515.10 | $1,515.10 | $0.00 | 0.00% |
| State Purchases Nipa | $2,346.50 | $2,346.50 | $0.00 | 0.00% |
| Consumption Grants | $256.78 | $256.78 | $0.00 | 0.00% |
| Investment Grants | $78.77 | $78.77 | $0.00 | 0.00% |
| 2020 Q4 | ||||
| Federal Purchases Nipa | $1,512.30 | $1,512.30 | $0.00 | 0.00% |
| State Purchases Nipa | $2,373.00 | $2,373.00 | $0.00 | 0.00% |
| Consumption Grants | $235.16 | $235.16 | $0.00 | 0.00% |
| Investment Grants | $77.00 | $77.00 | $0.00 | 0.00% |
| 2021 Q1 | ||||
| Federal Purchases Nipa | $1,568.60 | $1,568.60 | $0.00 | 0.00% |
| State Purchases Nipa | $2,408.70 | $2,408.70 | $0.00 | 0.00% |
| Consumption Grants | $270.15 | $270.15 | $0.00 | 0.00% |
| Investment Grants | $75.03 | $75.03 | $0.00 | 0.00% |
| 2021 Q2 | ||||
| Federal Purchases Nipa | $1,563.30 | $1,563.30 | $0.00 | 0.00% |
| State Purchases Nipa | $2,452.60 | $2,452.60 | $0.00 | 0.00% |
| Consumption Grants | $1,111.47 | $1,111.47 | $0.00 | 0.00% |
| Investment Grants | $77.70 | $77.70 | $0.00 | 0.00% |
| 2021 Q3 | ||||
| Federal Purchases Nipa | $1,562.00 | $1,562.10 | −$0.10 | −0.01% |
| State Purchases Nipa | $2,521.70 | $2,514.90 | $6.80 | 0.27% |
| Consumption Grants | $526.28 | NA | NA | NA |
| Investment Grants | $72.77 | $72.77 | $0.00 | 0.00% |
| FIM Components Summary | ||||
|---|---|---|---|---|
| category | current | previous | difference | |
| 2020 Q1 | ||||
| total | Fiscal Impact | 0.34% | 0.34% | 0.00% |
| federal | Purchases FIM | 0.07% | 0.07% | −0.00% |
| federal | Taxes | −0.07% | −0.07% | −0.00% |
| federal | Transfers | 0.13% | 0.13% | 0.00% |
| state | Purchases FIM | 0.23% | 0.23% | 0.00% |
| state | Taxes | −0.01% | −0.01% | 0.00% |
| state | Transfers | −0.01% | −0.01% | −0.00% |
| 2020 Q2 | ||||
| total | Fiscal Impact | 13.90% | 13.90% | 0.00% |
| federal | Purchases FIM | 3.49% | 3.49% | −0.00% |
| federal | Taxes | 0.55% | 0.55% | 0.00% |
| federal | Transfers | 11.81% | 11.81% | 0.00% |
| state | Purchases FIM | −3.14% | −3.14% | 0.00% |
| state | Taxes | 0.06% | 0.06% | −0.00% |
| state | Transfers | 1.14% | 1.14% | −0.00% |
| 2020 Q3 | ||||
| total | Fiscal Impact | 3.53% | 3.53% | −0.00% |
| federal | Purchases FIM | −1.25% | −1.25% | −0.00% |
| federal | Taxes | 0.37% | 0.37% | −0.00% |
| federal | Transfers | 3.70% | 3.70% | −0.00% |
| state | Purchases FIM | 0.48% | 0.48% | 0.00% |
| state | Taxes | −0.02% | −0.02% | −0.00% |
| state | Transfers | 0.26% | 0.26% | −0.00% |
| 2020 Q4 | ||||
| total | Fiscal Impact | −3.61% | −3.61% | −0.00% |
| federal | Purchases FIM | −0.89% | −0.89% | 0.00% |
| federal | Taxes | −0.19% | −0.19% | −0.00% |
| federal | Transfers | −1.85% | −1.85% | −0.00% |
| state | Purchases FIM | 0.47% | 0.47% | 0.00% |
| state | Taxes | −0.09% | −0.09% | −0.00% |
| state | Transfers | −1.07% | −1.07% | 0.00% |
| 2021 Q1 | ||||
| total | Fiscal Impact | 7.59% | 7.59% | 0.00% |
| federal | Purchases FIM | 1.03% | 1.03% | 0.00% |
| federal | Taxes | −0.29% | −0.29% | −0.00% |
| federal | Transfers | 7.58% | 7.58% | 0.00% |
| state | Purchases FIM | −0.61% | −0.61% | −0.00% |
| state | Taxes | −0.07% | −0.07% | 0.00% |
| state | Transfers | −0.06% | −0.06% | −0.00% |
| 2021 Q2 | ||||
| total | Fiscal Impact | −2.30% | −2.24% | −0.07% |
| federal | Purchases FIM | 0.02% | 0.02% | −0.00% |
| federal | Taxes | −0.36% | −0.30% | −0.07% |
| federal | Transfers | −1.09% | −1.09% | 0.00% |
| state | Purchases FIM | −0.74% | −0.74% | 0.00% |
| state | Taxes | −0.09% | −0.09% | −0.00% |
| state | Transfers | −0.04% | −0.04% | −0.00% |
| 2021 Q3 | ||||
| total | Fiscal Impact | −2.29% | −2.39% | 0.10% |
| federal | Purchases FIM | −0.06% | −0.04% | −0.03% |
| federal | Taxes | −0.33% | −0.24% | −0.09% |
| federal | Transfers | −1.59% | −1.57% | −0.02% |
| state | Purchases FIM | −0.13% | −0.18% | 0.05% |
| state | Taxes | −0.09% | −0.10% | 0.01% |
| state | Transfers | −0.08% | −0.26% | 0.19% |
| 2021 Q4 | ||||
| total | Fiscal Impact | −1.66% | −1.99% | 0.32% |
| federal | Purchases FIM | −0.25% | −0.21% | −0.04% |
| federal | Taxes | −0.34% | −0.21% | −0.13% |
| federal | Transfers | −1.98% | −2.18% | 0.20% |
| state | Purchases FIM | 0.76% | 0.65% | 0.11% |
| state | Taxes | −0.07% | −0.07% | 0.00% |
| state | Transfers | 0.21% | 0.03% | 0.18% |
| 2022 Q1 | ||||
| total | Fiscal Impact | −1.84% | −1.95% | 0.11% |
| federal | Purchases FIM | −0.21% | −0.10% | −0.11% |
| federal | Taxes | −0.38% | −0.11% | −0.27% |
| federal | Transfers | −1.69% | −1.94% | 0.25% |
| state | Purchases FIM | 0.51% | 0.41% | 0.11% |
| state | Taxes | −0.06% | −0.07% | 0.01% |
| state | Transfers | −0.02% | −0.14% | 0.12% |
| 2022 Q2 | ||||
| total | Fiscal Impact | −3.26% | −3.31% | 0.05% |
| federal | Purchases FIM | −0.09% | 0.02% | −0.11% |
| federal | Taxes | −0.69% | −0.38% | −0.31% |
| federal | Transfers | −2.26% | −2.50% | 0.24% |
| state | Purchases FIM | 0.11% | 0.00% | 0.11% |
| state | Taxes | −0.14% | −0.14% | 0.00% |
| state | Transfers | −0.20% | −0.32% | 0.12% |
| 2022 Q3 | ||||
| total | Fiscal Impact | −2.86% | −2.76% | −0.10% |
| federal | Purchases FIM | −0.20% | −0.09% | −0.11% |
| federal | Taxes | −0.63% | −0.33% | −0.30% |
| federal | Transfers | −1.93% | −2.24% | 0.32% |
| state | Purchases FIM | 0.07% | −0.04% | 0.11% |
| state | Taxes | −0.10% | −0.10% | 0.00% |
| state | Transfers | −0.07% | 0.04% | −0.12% |
| 2022 Q4 | ||||
| total | Fiscal Impact | −2.23% | −2.29% | 0.05% |
| federal | Purchases FIM | −0.07% | −0.04% | −0.03% |
| federal | Taxes | −0.41% | −0.22% | −0.19% |
| federal | Transfers | −1.48% | −1.78% | 0.30% |
| state | Purchases FIM | −0.11% | −0.22% | 0.11% |
| state | Taxes | −0.10% | −0.10% | 0.00% |
| state | Transfers | −0.06% | 0.08% | −0.13% |
| 2023 Q1 | ||||
| total | Fiscal Impact | −1.86% | −1.88% | 0.02% |
| federal | Purchases FIM | −0.10% | 0.02% | −0.12% |
| federal | Taxes | −0.22% | −0.12% | −0.10% |
| federal | Transfers | −1.39% | −1.59% | 0.21% |
| state | Purchases FIM | −0.15% | −0.26% | 0.12% |
| state | Taxes | −0.08% | −0.08% | 0.00% |
| state | Transfers | 0.07% | 0.16% | −0.09% |
| 2023 Q2 | ||||
| total | Fiscal Impact | −2.98% | −3.00% | 0.02% |
| federal | Purchases FIM | −0.52% | −0.40% | −0.12% |
| federal | Taxes | −0.12% | −0.08% | −0.05% |
| federal | Transfers | −2.65% | −2.83% | 0.17% |
| state | Purchases FIM | 0.31% | 0.19% | 0.12% |
| state | Taxes | −0.04% | −0.04% | 0.00% |
| state | Transfers | 0.05% | 0.16% | −0.11% |
| 2023 Q3 | ||||
| total | Fiscal Impact | −1.22% | −1.23% | 0.01% |
| federal | Purchases FIM | −0.27% | −0.14% | −0.12% |
| federal | Taxes | −0.04% | −0.03% | −0.01% |
| federal | Transfers | −0.88% | −0.96% | 0.08% |
| state | Purchases FIM | 0.07% | −0.05% | 0.12% |
| state | Taxes | −0.03% | −0.03% | 0.01% |
| state | Transfers | −0.09% | −0.03% | −0.06% |
| 2023 Q4 | ||||
| total | Fiscal Impact | −0.64% | −0.51% | −0.12% |
| federal | Purchases FIM | −0.10% | −0.03% | −0.07% |
| federal | Taxes | −0.03% | 0.00% | −0.03% |
| federal | Transfers | −0.41% | −0.33% | −0.08% |
| state | Purchases FIM | 0.00% | −0.13% | 0.13% |
| state | Taxes | −0.03% | −0.03% | −0.00% |
| state | Transfers | −0.06% | 0.01% | −0.07% |
Likewise, consumption grants are higher now given that we reattributed some of the ARP grants away from federal purchases.
ARP PPP and Provider Relief Fund
Premium Tax Credits, Ratepayer protection, Assistance for older Americans, COBRA, Emergency Assistance
Last time, we forgot to include the rebate checks from ARP that will go out in the next tax year.
Includes Child tax credit, EITC, Childcare for workers, Dependent care for families
Social Benefits Remainder
Level and impact of social benefits net of health outlays, rebate checks, and unemployment insurance.
The social benefits remainder came in 3.6 billion lower than we had last time. Almost half of this is due to Federal UI which came in 1.63 billion lower.
Contribution
Level